There are three fundamental questions every society must answer. Which of the following is/are one of these questions? a. What goods and services are to be produced? b. How are the goods and services to be produced? c. Who will get the goods and services that are produced? d. All of the above

There are three fundamental questions every society must answer. Which
of the following is/are one of these questions?
a. What goods and services are to be produced?
b. How are the goods and services to be produced?
c. Who will get the goods and services that are produced?
d. All of the above
by

1 Answer

Answer :

d. All of the above
by

Related questions

Assertion (A): There are several goods and services that society needs however private sector doesn‘t produce all of them. Reason (R): Private sector is profit driven. (a) Both A & R are true and R is the correct explanation of A (b) Both A & R are true but R is not the correct explanation of A. (c) A is true but R is false. (d) Both A & R are false.

Description : Assertion (A): There are several goods and services that society needs however private sector doesn t produce all of them. Reason (R): Private sector is profit driven. (a) Both A & R are true and R is the correct ... correct explanation of A. (c) A is true but R is false. (d) Both A & R are false.

Last Answer : (a) Both A & R are true and R is the correct explanation of A

Gross National Product is the money measure of - (1) all tangible goods produced in a country (2) final goods and services produced in the economy (3) services generated annually in the economy (4) all tangible goods available in the economy

Description : Gross National Product is the money measure of - (1) all tangible goods produced in a country (2) final goods and services produced in the economy (3) services generated annually in the economy (4) all tangible goods available in the economy

Last Answer : (2) final goods and services produced in the economy Explanation: Gross national product (GNP) is the market value of all products and services produced in one year by labour and property supplied ... (including income of those located abroad), minus income of non-residents located in that country.

The total value of goods and services produced in a country during a given period is - (1) Disposable income (2) National income (3) Per capita income (4) Net national income

Description : The total value of goods and services produced in a country during a given period is - (1) Disposable income (2) National income (3) Per capita income (4) Net national income

Last Answer : (2) National income Explanation: National income is the total value a country's final output of all new goods and services produced in one year. Understanding how national income is created is the starting point for macroeconomics.

Gross National Product is the money measure of (1) all tangible goods produced in a country (2) final goods and services produced in the economy (3) services generated annually in the economy (4) all tangible goods available in the economy

Description : Gross National Product is the money measure of (1) all tangible goods produced in a country (2) final goods and services produced in the economy (3) services generated annually in the economy (4) all tangible goods available in the economy

Last Answer :  final goods and services produced in the economy

The total value of goods and services produced in a country during a given period is (1) Disposable income (2) National income (3) Per capita income (4) Net national income

Description : The total value of goods and services produced in a country during a given period is (1) Disposable income (2) National income (3) Per capita income (4) Net national income

Last Answer : National income

The concept that under a system of free enterprise, it is consumers who decide what goods and services shall be produced and in what quantities is known as (1) Consumer Protection (2) Consumer’s Decision (3) Consumer Preference (4) Consumer’s Sovereignty

Description : The concept that under a system of free enterprise, it is consumers who decide what goods and services shall be produced and in what quantities is known as (1) Consumer Protection (2) Consumer’s Decision (3) Consumer Preference (4) Consumer’s Sovereignty

Last Answer : Consumer’s Sovereignty

The sum total of production of goods and services in the three sectors in a given year is called______. (a) Gross National Income (b) National Income (c) Net Domestic Product (d) Gross Domestic Product

Description : The sum total of production of goods and services in the three sectors in a given year is called______. (a) Gross National Income (b) National Income (c) Net Domestic Product (d) Gross Domestic Product

Last Answer : (d) Gross Domestic Product

The fundamental goal of energy management is to produce_ _ _ . A) least cost and least environmental effect. B) economical management. C) goods and services. D) none of the above

Description : The fundamental goal of energy management is to produce_ _ _ . A) least cost and least environmental effect. B) economical management. C) goods and services. D) none of the above

Last Answer : goods and services.

The fundamental goal of energy management is to produce goods and provide services with_ _ _ A) least cost and least environmental effect. B) high cost and least environmental effect. C) least cost and least environmental effect. D) none of the above

Description : The fundamental goal of energy management is to produce goods and provide services with_ _ _ A) least cost and least environmental effect. B) high cost and least environmental effect. C) least cost and least environmental effect. D) none of the above

Last Answer : least cost and least environmental effect

The fundamental goal of energy management is a) To produce goods and provide services with the least cost. b) To produce goods and provide services c) To sell goods only d) To give services only

Description : The fundamental goal of energy management is a) To produce goods and provide services with the least cost. b) To produce goods and provide services c) To sell goods only d) To give services only

Last Answer : To produce goods and provide services with the least cost. 

The fundamental goal of energy management is to ______ A. Produce goods and provide services with least cost and least environmental effects B. Produce goods and provide services with more cost and more environmental effects C. Produce goods and provide services with No cost and no environmental effects D. All of the above

Description : The fundamental goal of energy management is to ______ A. Produce goods and provide services with least cost and least environmental effects B. Produce goods and provide services with more cost and more ... goods and provide services with No cost and no environmental effects D. All of the above

Last Answer : Produce goods and provide services with least cost and least environmental effects

National income is the ……………. Of all the goods and services produced by a country during a period of year A. Physical quantity B. Money value C. Value D. All the three

Description : National income is the ……………. Of all the goods and services produced by a country during a period of year A. Physical quantity B. Money value C. Value D. All the three

Last Answer : B. Money value

National income is the ……………. Of all the goods and services produced by a country during a period of year (a) Physical quantity ; (b) Money value ; (c) `Value ; (d) All the three

Description : National income is the ……………. Of all the goods and services produced by a country during a period of year (a) Physical quantity ; (b) Money value ; (c) `Value ; (d) All the three 

Last Answer : (b) Money value ; 

Which of the following is not an investment expenditure in goods and services? (1) Expansion of the main plant of a company (2) Purchase of a house (3) Purchase of machinery (4) An increase in business in ventories

Description : Which of the following is not an investment expenditure in goods and services? (1) Expansion of the main plant of a company (2) Purchase of a house (3) Purchase of machinery (4) An increase in business in ventories

Last Answer : (2) Purchase of a house Explanation: Investment expenditure refers to the expenditure incurred either by an Individual or a firm or the government for the creation of new capital assets like ... purchase of house cannot be considered as investment expenditure as it may be for personal use.

'PROTECTION' means - (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above

Description : 'PROTECTION' means - (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above

Last Answer : (4) All of the above Explanation: Protectionism is the economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a ... protect businesses and workers within a country by restricting or regulating trade with foreign nations.

Which terns is used in economics for the market value of all goods and services in one year by labour and properly supplied by the residents of the country? (1) GDP (2) GPN (3) OMP (4) GNP

Description : Which terns is used in economics for the market value of all goods and services in one year by labour and properly supplied by the residents of the country? (1) GDP (2) GPN (3) OMP (4) GNP

Last Answer : (4) GNP Explanation: Gross National Product (GNP) is defined as "the market value of all goods and services produced in one year by labour and property supplied by the residents of a country. It is ... ), defined as "the value of all final goods and services produced in a country in I year."

Value-added means value of - (1) output at factor cost (2) output at market prices (3) goods and services less depreciation (4) goods and services less cost of intermediate goods and services

Description : Value-added means value of - (1) output at factor cost (2) output at market prices (3) goods and services less depreciation (4) goods and services less cost of intermediate goods and services

Last Answer : (4) goods and services less cost of intermediate goods and services Explanation: Value added is an economic term to express the difference between the value of goods and the cost of materials or ... services by others. So it is of goods and services less cost of intermediate goods and services.

"he national income consists of a collection of goods and services reduced to common basis by being measured in terms of money,"— Who says this? (1) Samuelson (2) Kuznets (3) Hicks (4) Pigou

Description : "he national income consists of a collection of goods and services reduced to common basis by being measured in terms of money,"— Who says this? (1) Samuelson (2) Kuznets (3) Hicks (4) Pigou

Last Answer : (3) Hicks Explanation: British economist John Hicks said that National income is a collection of goods and services reduced to a common basis by being measured in terms of money. Hicks ... macroeconomics. His book Value and Capital (1939) significantly extended general-equilibrium and value theory.

'Gresham's Law' in Economics relates to (1) supply and demand (2) circulation of currency (3) consumption of supply (4) distribution of goods and services

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Last Answer : (2) circulation of currency Explanation: Gresham's law is an economic principle that states: "When a government compulsorily overvalues one type of money and undervalues another, the undervalued money will leave ... will flood into circulation." It is commonly stated as: "Bad money drives out good."

The records of exports and imports in goods and services and transfer payments is known as a) Current account b) Budget surplus c) Economic leakage d) degree of openness

Description : The records of exports and imports in goods and services and transfer payments is known as a) Current account b) Budget surplus c) Economic leakage d) degree of openness

Last Answer : a) Current account

1) Which among the following could be said to be an 'Open Economy'?a) A nation that follows the doctrine of Free-market and Laissez-faire economics b) A nation that trades with other nations in goods and services and financial assets c) An economy that operates without government intervention d) None of the above

Description : 1) Which among the following could be said to be an 'Open Economy'? a) A nation that follows the doctrine of Free-market and Laissez-faire economics b) A nation that trades with other ... services and financial assets c) An economy that operates without government intervention d) None of the above

Last Answer : : b) A nation that trades with other nations in goods and services and financial assets

What are Capital goods? a) Goods used for consumption in the production process b) Goods such as tools, machinery, etc which are used to create final consumer goods c) Goods and services that are consumed fully when purchased by the consumers d) None of the above

Description : What are Capital goods? a) Goods used for consumption in the production process b) Goods such as tools, machinery, etc which are used to create final consumer goods c) Goods and services that are consumed fully when purchased by the consumers d) None of the above

Last Answer : : b) Goods such as tools, machinery, etc which are used to create final consumer goods

What are consumption goods? a) Goods used for consumption in the production process b) Goods such as tools, machinery, etc which are used to create final consumption goods c) Goods and services that are consumed fully when purchased by the consumers d) None of the above

Description : What are consumption goods? a) Goods used for consumption in the production process b) Goods such as tools, machinery, etc which are used to create final consumption goods c) Goods and services that are consumed fully when purchased by the consumers d) None of the above

Last Answer : : c) Goods and services that are consumed fully when purchased by the consumers

. Terms of trade is (a) the ratio of imports / exports (b) the ratio of exports/imports © the ratio of goods/services (d) the ratio of land/labour

Description : . Terms of trade is (a) the ratio of imports / exports (b) the ratio of exports/imports © the ratio of goods/services (d) the ratio of land/labour

Last Answer : (b) the ratio of exports/imports

Which is not added in the calculation of national income in India? (a) The value of goods and services. (b) The sold value of old fridge. © Services rendered by the housewives (d) Both (b) and (c)

Description : Which is not added in the calculation of national income in India? (a) The value of goods and services. (b) The sold value of old fridge. © Services rendered by the housewives (d) Both (b) and (c)

Last Answer : (d) Both (b) and (c)

‘PROTECTION’ means (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above

Description : ‘PROTECTION’ means (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above

Last Answer : All of the above

Value-added means value of (1) output at factor cost (2) output at market prices (3) goods and services less depreciation (4) goods and services less cost of intermediate goods and services

Description : Value-added means value of (1) output at factor cost (2) output at market prices (3) goods and services less depreciation (4) goods and services less cost of intermediate goods and services

Last Answer : goods and services less cost of intermediate goods and services

Which term is used in economics for the market value of all goods and services in one year by labour and properly supplied by the residents of the country? (1) GDP (2) GPN (3) OMP (4) GNP

Description : Which term is used in economics for the market value of all goods and services in one year by labour and properly supplied by the residents of the country? (1) GDP (2) GPN (3) OMP (4) GNP

Last Answer : GNP

Which of the following is not an investment expenditure in goods and services? (1) Expansion of the main plant of a company (2) Purchase of a house (3) Purchase of machinery (4) An increase in business inventories

Description : Which of the following is not an investment expenditure in goods and services? (1) Expansion of the main plant of a company (2) Purchase of a house (3) Purchase of machinery (4) An increase in business inventories

Last Answer :  Purchase of a house

“The national income consists of a collection of goods and services reduced to common basis by being measured in terms of money.”–– Who says this ? (1) Samuelson (2) Kuznets (3) Hicks (4) Pigou

Description : “The national income consists of a collection of goods and services reduced to common basis by being measured in terms of money.”–– Who says this ? (1) Samuelson (2) Kuznets (3) Hicks (4) Pigou

Last Answer : Hicks

Economic progress of a country is determined by - (1) Increase in per capita income of people of country (2) Increase in the price of produced capital goods during the year (3) Increased numbers of Trade Unions (4) Fall in the general price level of a country

Description : Economic progress of a country is determined by - (1) Increase in per capita income of people of country (2) Increase in the price of produced capital goods during the year (3) Increased numbers of Trade Unions (4) Fall in the general price level of a country

Last Answer : (1) Increase in per capita income of people of country Explanation: Economic progress of a country is determined by increase in per capita income of people f that country.

5. Assume that there are two goods, A and B. In 1996, Americans produced 10 units of A at a price of $10 and 20 units of B at a price of $20. In 2002, Americans produced 20 units of A at a price of $20 and 30 units of B at a price of $30. The Nominal GDP for 2002 is: a. $100 b. $400 c. $500 d. $900 e. $1300

Description : 5. Assume that there are two goods, A and B. In 1996, Americans produced 10 units of A at a price of $10 and 20 units of B at a price of $20. In 2002, Americans produced 20 units of A at a price of $20 ... at a price of $30. The Nominal GDP for 2002 is: a. $100 b. $400 c. $500 d. $900 e. $1300

Last Answer : e. $1300

Economic progress of a country is determined by (1) Increase in per capita income of people of country (2) Increase in the price of produced capital goods during the year (3) Increased numbers of Trade Unions (4) Fall in the general price level of a country

Description : Economic progress of a country is determined by (1) Increase in per capita income of people of country (2) Increase in the price of produced capital goods during the year (3) Increased numbers of Trade Unions (4) Fall in the general price level of a country

Last Answer : Increase in per capita income of people of country

In a pure market economy who determines which goods and services are produced and in what quantities?

Description : In a pure market economy who determines which goods and services are produced and in what quantities?

Last Answer : Need answer

The tax which is levied on goods or services produced or purchased.

Description : The tax which is levied on goods or services produced or purchased.

Last Answer : Ans. Indirect tax

A distinctive sign that identifies certain goods or services produced or provided by an individuals or a company is calleda. Copyright b.Patents c. Trademark d. All of these

Description : A distinctive sign that identifies certain goods or services produced or provided by an individuals or a company is calleda. Copyright b.Patents c. Trademark d. All of these

Last Answer : c. Trademark

A distinctive sign that identifies certain goods or services produced or provided by an individuals or a company is calleda. Copyright b.Patents c. Trademark d. All of these

Description : A distinctive sign that identifies certain goods or services produced or provided by an individuals or a company is called a. Copyright b.Patents c. Trademark d. All of these

Last Answer : c. Trademark

Nominal GDP is A. The total value of goods and services net of exports B. The total value of goods and services produced during periods of low unemployment C. The total value of goods and services measured at current prices D. The total value of goods and services produced at full employment.

Description : Nominal GDP is A. The total value of goods and services net of exports B. The total value of goods and services produced during periods of low unemployment C. The total value of goods and services measured at current prices D. The total value of goods and services produced at full employment.

Last Answer : C. The total value of goods and services measured at current prices

What is Gross National Product: A. The total output of goods and services produced by the country’s economy B. The total domestic and foreign output claimed by residents of the country C. The sum of gross domestic product and investment

Description : What is Gross National Product: A. The total output of goods and services produced by the country’s economy B. The total domestic and foreign output claimed by residents of the country C. The sum of gross domestic product and investment

Last Answer : B. The total domestic and foreign output claimed by residents of the country

The goods and the services produced, priced and distributed by the government is ___. A. Market economy. B. Secular economy. C. Command economy. D. Mixed economy.

Description : The goods and the services produced, priced and distributed by the government is ___. A. Market economy. B. Secular economy. C. Command economy. D. Mixed economy.

Last Answer : C. Command economy.

Which is not true regarding differences between goods and services? (a) Services are generally produced and consumed simultaneously, tangible goods are not. (b) Services tend to have a more inconsistent product definition than goods. (c) Goods tend to have higher customer interaction than services. (d) None of the above are true.

Description : Which is not true regarding differences between goods and services? (a) Services are generally produced and consumed simultaneously, tangible goods are not. (b) Services tend to have a more inconsistent ... tend to have higher customer interaction than services. (d) None of the above are true.

Last Answer : (c) Goods tend to have higher customer interaction than services.  

GDP is defined as (a) The market value of all goods and services produced in the domestic economy during the year ; (b) Current value of all the capital goods produced in the country. ; (c) Sum of goods and services exported during the year. ; (d) All the capital goods and consumable goods produced and sold during the year

Description : GDP is defined as (a) The market value of all goods and services produced in the domestic economy during the year ; (b) Current value of all the capital goods produced in the country. ; (c) ... during the year. ; (d) All the capital goods and consumable goods produced and sold during the year

Last Answer : (a) The market value of all goods and services produced in the domestic economy during the year ; 

Nominal GDP is (a) The total value of goods and services net of exports (b) The total value of goods and services produced during periods of low unemployment (c) The total value of goods and services measured at current prices (d) The total value of goods and services produced at full employment.

Description : Nominal GDP is (a) The total value of goods and services net of exports (b) The total value of goods and services produced during periods of low unemployment (c) The total value of goods and services measured at current prices (d) The total value of goods and services produced at full employment.

Last Answer : (c) The total value of goods and services measured at current prices

What is the Gross National Product? a) The total value of Good and services manufactured in the country b) The total value of all the transactions in the country c) Reduction in the total value of goods and services produced in the country d) The total worth of goods and services generated in the country and net factor income from abroad.

Description : What is the Gross National Product? a) The total value of Good and services manufactured in the country b) The total value of all the transactions in the country c) Reduction in the total value ... d) The total worth of goods and services generated in the country and net factor income from abroad.

Last Answer : Answer- d

What do you mean by Gross National Product? a) The total value of goods and services produced in the country b) The total value of all transactions in the country c) Depreciation in the total value of goods and services produced in the country d) The total value of goods and services produced in the country and net factor income from abroad

Description : What do you mean by Gross National Product? a) The total value of goods and services produced in the country b) The total value of all transactions in the country c) Depreciation in the total ... d) The total value of goods and services produced in the country and net factor income from abroad

Last Answer : Answer- d

In economics all goods and services that exist must be made by whcih of the following?

Description : In economics all goods and services that exist must be made by whcih of the following?

Last Answer : Need answer

The National Mission for Sustainable Agriculture (NMSA) aims at which of the following? a. Enhancing agricultural productivity, protection of resources such as land, water, biodiversity and genetic resources by developing strategies to make agriculture more resilient to climate change. b. Improving agricultural productivity by providing timely advisory services to farmers to adopt best practices, technology, meet with contingencies, market information, etc. c. Notifying agricultural commodities produced in the region and providing their first sale mechanism. d. Providing Irrigation benefits to the farmers to ensure early completion of projects.

Description : The National Mission for Sustainable Agriculture (NMSA) aims at which of the following? a. Enhancing agricultural productivity, protection of resources such as land, water, biodiversity and ... mechanism. d. Providing Irrigation benefits to the farmers to ensure early completion of projects.

Last Answer : a. Enhancing agricultural productivity, protection of resources such as land, water, biodiversity and genetic resources by developing strategies to make agriculture more resilient to climate change.

“Three gods, A, B, and C, are called, in some order, True, False, and Random. True always speaks truly, False always speaks falsely, but whether Random speaks truly or falsely is completely random. You must determine the identities of A, B, and C by asking three yes-or-no questions, and each question must be posed to exactly one god. The gods understand English but will answer all questions in their own language. In their unknown language, the words for “yes” and “no” are “da” and “ja,” in some order. You do not know which word means which.” -Riddles

Description : Three gods, A, B, and C, are called, in some order, True, False, and Random. True always speaks truly, False always speaks falsely, but whether Random speaks truly or falsely is completely random. You must ... are da and ja, in some order. You do not know which word means which. -Riddles

Last Answer : We're willing to bet that your brain feels pretty busted at this point. If you're ready to throw in the towel and hear the solution, we won't tell! Here are the three questions you ... start sorting out the solution with this 2008 paper, which claims to have the easiest answer to the brainteaser.

Three gods, A, B, and C, are called, in some order, True, False, and Random. True always speaks truly, False always speaks falsely, but whether Random speaks truly or falsely is completely random. You must determine the identities of A, B, and C by asking three yes-or-no questions, and each question must be posed to exactly one god. The gods understand English, but will answer all questions in their own language. In their unknown language, the words for 'yes' and 'no' are 'da' and 'ja', in some order. You do not know which word means which. So, which questions would you ask to identify each god? And no, it’s not a trick question. As a matter of fact, there are multiple ways to get the correct answer. -Riddles

Description : Three gods, A, B, and C, are called, in some order, True, False, and Random. True always speaks truly, False always speaks falsely, but whether Random speaks truly or falsely is completely random. ... a trick question. As a matter of fact, there are multiple ways to get the correct answer. -Riddles

Last Answer : 1. To god A: Does da' mean yes' if and only if you are True and if and only if B is Random? (We supposed A said, ja, making B True or False). 2. To god B: Does da mean yes' if and ... only if A is Random? Since B's True, he must say da, which means A is Random, leaving C to be False.

Do democracies lead to a just distribution of goods and services. Justify your answer. -SST 10th

Description : Do democracies lead to a just distribution of goods and services. Justify your answer. -SST 10th

Last Answer : Democracies are based on political equality. All citizens have equal right in electing representatives. This is not so in the economic field. Economic equality come by the equitable distribution of wealth, ... difficult even to meet the basic needs of life like food, shelter, health and education.